New construction apartments in Ekaterinburg are offered at lower prices than initially intended.
In Yekaterinburg, Housing Market Exhibits Moderate Recovery
As of April 2025, the residential real estate market in Yekaterinburg has shown signs of a subtle yet steady recovery. According to data from the REBURG EKB Telegram channel, the average price per square meter in listings stands at 165,000 rubles, marking a 1.4% increase compared to the previous month. In deals, the average price is reported at 158,000 rubles, reflecting a trend similar to the preceding months and an approximate 7% year-on-year increase.
The sales volume in the market has picked up since a slow start to the year, albeit not yet matching autumn levels. This development comes Amidst intense competition and an expanding market offering, compelling sellers to reconsider pricing strategies. Some Apartment categories have seen price reductions of internal reserves, and favorable financing conditions have been extended to attract buyers. While no significant price changes are anticipated in the near future, an anticipated surge in supply this year may be on the horizon.
As per digital analytics service Objektiv.RF, over 35,000 apartments in new buildings were listed in Yekaterinburg in April, covering a total area of 1,764,000 square meters. Compared to March, the number of apartments listed remained consistent.
In late March 2025, DK.RU reported that new housing construction rates in the Middle Urals had slowed by 20%, due to high key interest rates, prohibitive mortgage rates, and low demand. In response, developers have adopted a cautious approach, delaying the launch of new projects. During the initial two months of the year, builders commissioned 681.7 thousand square meters of multi-family housing and 573.3 thousand square meters of individual housing.
According to Mikhail Khorykov, head of the analytical service at UPN, the housing market trend in Yekaterinburg is far from a simple picture. It is shaped by broader national economic factors and regional specifics. Current prices for secondary and new build housing are moderate, with price growth of around 3-5% for new builds in cities facing housing shortages like Yekaterinburg. Demand remains subdued, but a modest recovery may begin in 2026 as mortgage rates are projected to fall.
Interestingly, a recent survey revealed that 69% of Yekaterinburg residents are eager to move in pursuit of more comfortable housing. This potential pent-up demand could stimulate future housing market activity, particularly in the new construction sector. The preference for private houses and new apartments suggests that new construction catering to these preferences may find an eager buyer base.
In summary, the housing market in Yekaterinburg is displaying a cautious but promising recovery. Moderate price increases are expected for both secondary and new build housing, with some regional housing shortages contributing to the expansion. Sales volumes remain low but are stabilizing, with a modest recovery predicted for 2026. The market outlook suggests an underlying stagnation this year, but growth prospects are evident beyond 2026.
In the present market conditions, investors might consider investing in Yekaterinburg's real estate sector, given the moderate recovery in the housing market, as reported by REBURG EKB Telegram channel. As private houses and new apartments are in high demand among Yekaterinburg residents, these categories could provide attractive investment opportunities, especially in the new construction sector, with potential for growth beyond 2026. On the other hand, those interested in finance and the Yekaterinburg housing market should keep an eye on the anticipated surge in supply this year, as it could influence the pricing strategies in the residential real estate market.
